Edmunds.com Names the Fastest-Selling Vehicles in America
Santa Monica, Calif. - The 2014 Land Rover Range Rover was the fastest-selling car in America last month, and there were several other familiar names that helped to fill out the top 10, reports Edmunds.com, which released its list of the top 10 fastest-selling vehicles.
According to Edmunds.com's days to turn (DTT) statistics, which measure how long a vehicle sits on a dealer's lot before it's sold, the average Range Rover sold in November was on sale at a dealer's lot for just nine days. Chevrolet Corvette, Jeep Cherokee and Land Rover Range Rover Sport all tied for the second slot, at 10 days to turn. Other popular vehicles ranking in last month's top 10 include Mercedes-Benz CLA-Class (14 DTT), Subaru Forester (17 DTT) and Mitsubishi Mirage (18 DTT). By comparison, the average new car sold in November sat on a dealer lot for 59 days.
The demand for a "hot" car presents a dilemma: While shoppers are attracted to these vehicles' new and unique features, they also come with a higher price tag.
"Dealers offer few – if any – incentives on the newest, most buzz-worthy cars, and shoppers will likely have very little room to negotiate," said Edmunds.com Consumer Advice Editor Carroll Lachnit. "So if shoppers are patient enough to wait a few months for the buzz to subside, they're more likely to score a better deal."
More Industry

World EV Adoption Set to Grow
A new report says the segment, despite recent setbacks in some regions, is poised for acceleration as many countries look to reduce pollution.
Read More →
Black Book: Weekly Market Update
Wholesale automotive auction business stayed steady last week as bidders encountered lower prices, analysts observed.
Read More →
Pricing Transparency Drives Purchase Consideration
An annual study by JD Power found that clear pricing matters to consumers on automaker websites, so much so that it increases their purchase consideration.
Read More →
Black Book: Weekly Market Update
Used-vehicle market depreciation was the prevailing story in the wholesale market last week.
Read More →
Smaller Is Looking Better
A growing number of Americans in the market for a new vehicle are opting for more affordable options, not waiting for market stability to bite the bullet.
Read More →
U.S. EV Market Slowly Stabilizes
U.S. electric-vehicle interest is slowly stabilizing since a major dip in sales after last year's end of the federal EV tax credit, and hybrids remain the leading electrified power train.
Read More →
Global EV Market Entering New Phase
Automakers are making investments to lower battery costs and optimize production to meet changing consumer needs.
Read More →
Black Book Weekly Market Update
The holiday weekend, not surprisingly, put a drag on wholesale automotive activity last week, analysts observed.
Read More →
Auto Affordability in Context
Cox Automotive points out the complex circumstances that have led to eye-popping vehicle prices.
Read More →
Black Book: Weekly Market Update
Automotive auction inventory increased last week, giving choosy bidders even more leeway.
Read More →